A Cost That Will Not Be Affected by Later Decisions

question 154

Multiple Choice

A cost that will not be affected by later decisions is termed a(n) :

• A) period cost
• B) differential cost
• C) sunk cost
• D) replacement cost

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Definitions:

Fractions

Mathematical expressions representing the division of one quantity by another, indicating a part of a whole.

Lowest Terms

The most basic version of a fraction in which both the numerator and denominator are minimized to their lowest possible figures, yet the fraction's value remains unchanged.

Mixed Numbers

A number consisting of an integer and a fraction, used to represent quantities that are more than a whole but less than the next whole number.

Improper Fractions

Fractions in which the numerator is at least as large as the denominator.